From the following data, calculate the value of compensation of employees (COE): S.No Items Amount in (₹ crore) (i) Old age pension 1,250 (ii) Wages and salaries in cash 49,500 (iii) Rent free accommodation to employees 13,500 (iv) Employer's contribution to provident fund 8,900 (v) Payment of life insurance premium by the employees 3,000 (vi) Contribution to provident fund by employees 35,600

CBSE 2022 Class 12 Economics Delhi Set 2 (Term 2) - Question 6

Question : 6 of 7

Marks: +1, -0

From the following data, calculate the value of compensation of employees (COE):

S.No	Items	Amount in (₹ crore)
(i)	Old age pension	1,250
(ii)	Wages and salaries in cash	49,500
(iii)	Rent free accommodation to employees	13,500
(iv)	Employer's contribution to provident fund	8,900
(v)	Payment of life insurance premium by the employees	3,000
(vi)	Contribution to provident fund by employees	35,600

Solution:

Compensation of Employees = Wages & salaries in cash + Employer's contribution to provident fund + Rent free accommodation to employees

=49,500+8,900+13,500=\₹ 71,900

crores

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